Consumer Prices, OECD - Updated: 9 May 2014

OECD annual inflation picks up to 1.6% in March 2014 but slows in Euro area

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09/05/2014 - Consumer prices in the OECD area rose by 1.6% in the year to March 2014, compared with 1.4% in the year to February 2014. This acceleration in the annual rate of inflation was primarily driven by energy prices which increased 0.9% in the year to March compared with a decrease of 0.4% in the year to February. The upturn in energy prices in the OECD area reflects increasing energy prices in non-EU OECD countries.

Food price inflation picked up slightly to 1.7% in the year to March, compared with 1.6% in the year to February. Excluding food and energy, the OECD annual inflation rate also rose slightly to 1.7% in March, compared with 1.6% in the year to February.

Consumer prices, selected areasMarch 2014, percentage change on the same month of the previous year

Contacts For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org; others should contact the Statistics Directorate on stat.contact@oecd.org.